Homework Answers
1) Concentration ratio =
s1+ s2 +s3+…..+
sn
where sn = the market share percentage of firm n
Given, the concentration ratio of the four dominant firm is
85%
Since the top four-firm accounts for more than 60% of the total
market share thus their exists oligopoly and thus
the industry is highly concentrated.
2) Concentration ratio =
s1+ s2 +s3+…..+
sn
where sn = the market share percentage of firm n
Thus, the concentration ratio of the four dominant firm = 16+16+16+8 = 56%
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